Terms
- Announced
- 20 Oct 2022
- Instrument
- Equity
- Amount
- US$6.29m
- Source
- businesswire.com
Parties
- Project developer
- Lithos Carbon
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Union Square Ventures Investor US$0.79m Estimated: an even share, 1 of 8 Greylock Investor US$0.79m Estimated: an even share, 1 of 8 Bain Capital Investor US$0.79m Estimated: an even share, 1 of 8 Carbon Removal Partners Investor US$0.79m Estimated: an even share, 1 of 8 Cavallo Ventures Investor US$0.79m Estimated: an even share, 1 of 8 Fall Line Capital Investor US$0.79m Estimated: an even share, 1 of 8 Carbon Drawdown Initiative Investor US$0.79m Estimated: an even share, 1 of 8 Kayak Ventures Investor US$0.79m Estimated: an even share, 1 of 8
Carbon
- Pathway
- Enhanced rock weathering
What happened
- Union Square Ventures and Greylock co-led. Carbon Drawdown Initiative is in the company release and was missing from the third-party database. Kayak Ventures is not in the company release and is included on a separate confirmation held by Kumo.
Kumo note
- A seed round of under seven million dollars against a company already named one of Frontier’s five inaugural suppliers, so the equity was raised against a demand signal rather than ahead of one.
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